The Social Movement Designed to Increase and Strengthen the Rights

question 97

Multiple Choice

The social movement designed to increase and strengthen the rights and powers of buyers in business transactions is called which of the following?

• A) environmentalism
• B) capitalism
• C) socialism
• D) consumerism

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Definitions:

Exemption

Deductions allowed by law to reduce taxable income based on taxpayer and dependent information.

Gross Income Test

A criterion used by the IRS to determine if someone can be claimed as a dependent based on their gross income.

Relationship Test

Criteria used by the IRS to determine eligibility for certain tax benefits and deductions, based on the taxpayer's relationship to another individual.

Age Test

A criteria used in various legal and financial contexts to determine eligibility based on an individual's age.